What's In A Stadium Name?
Go through a list of vintage stadiums and you’ll find iconic names like Sportsman’s Park (St Louis), Shibe Park (Philly), Ebbets Field (Brooklyn), West Side Park (Chicago), etc.
With the exception of a few structures, the old venues designated after team owners and city neighborhoods are long gone, buried in the rich heap of ball park history.
Another step in the mass commercialization of professional sports, stadiums today are more apt to lease their names to private corporations. More than three-quarters of the existing franchises in MLB, NBA and NFL play in facilities associated with a well-known business brand.
Naming deals are typically 10 to 20-year term contracts with fixed annual payments. Advertisers can leverage their labels on an actual site such as CenturyLink Field in Seattle, or an event like the Emirates FA Cup in Britain.
For stadiums and events, selling naming rights can be a welcoming source of ancillary income. For advertisers, it’s a long-term marketing strategy aimed at maintaining and reinforcing a recognized brand.
In sports, commercial naming practices can be traced back to Fenway Park, which opened in 1912 in the Fenway section of Boston. Red Sox owner John Taylor also had an eye on promoting his real estate company, Fenway Realty, to the early throngs of baseball goers.
But it was Wrigley Field in Chicago (photo above) that started gracing stadiums with a corporate appellation. In 1926, chewing gum magnate William Wrigley acquired the Chicago Cubs baseball team and subsequently re-branded Cubs Park as Wrigley Field.
Foxboro Stadium, playground site of the old Boston Patriots, was an early example of a team that sold its naming rights to an entity not affiliated with the franchise. The sports facility opened in 1971 as Schaefer Stadium and was later renamed Sullivan Stadium before being demolished.
Reactions to the corporate branding of sports facilities have generally been supportive, especially if the buyer enjoys strong connections to the local community. Examples are the old Rich Stadium in Buffalo, Heinz Field in Pittsburgh and Coors Field in Denver.
In some instances, a private designation was deemed unacceptable. In 1953, August Busch, owner of the Anheuser-Busch beer company and the St Louis Cardinals, was pushed back by the commissioner of baseball when he proposed to rename Sportsman’s Park, Budweiser Stadium. The parties eventually settled on Busch Stadium.
Worldwide sporting events such as the FIFA World Cup, UEFA Euro, Olympic Games and the Paralympic Games prohibit the use of corporate-sponsored names, seeing it as a form of “ambush marketing”.
Naming transactions have only gotten more lucrative with time. Buffalo-based Rich Products paid $1.5 million per year when the gates opened at the Bills’ football stadium in 1972. Thirty-five years later, NYC's Citifield inked a brand exposure deal worth $20 million per annum, a record high that later followed with the Barclays Center.
With the globalization of sports, corporate logo rights continue to point upwards towards ever growing windfall profits. The future home of the Los Angeles Rams and the renovated stadium for Spain's Barcelona FC are both bidding out naming rights for $30 million a year.
Fortunately, some storied venues have retained their historic designations- Yankee Stadium, Dodger Stadium, Fenway Park.
But as the top three wealthiest clubs in professional baseball, those teams can afford to carry the tradition.
BASKETBALL February 15, 2009 The NBA holds its 58th annual All-Star game in Phoenix, Arizona. The Western Conference defeats the East 149-119 with Kobe Bryant and Shaquille O’Neal sharing the MVP Award. The former received his 15th and final All-Star selection, the second highest in NBA history behind Kareem Abdul-Jabbar with 19.
FOOTBALL February 16, 1999 O.J. Simpson’s Heisman Trophy is sold for $230,000 to help settle a civil judgement against him for the deaths of his ex-wife and friend. O.J. won the Trophy in 1968 as a running back for USC; he later played for the Buffalo Bills and SF 49ers. His life began to spiral downward in 1994 following murder charges against him.
BASEBALL February 16, 1989 Pitcher Roger Clemens signs a record $7.5 Million, 3-year contract to extend his tenure with the Boston Red Sox. The 11x career All-Star would win the Cy Young Award 7 times, more than any other pitcher, and the World Series twice, in 1999 and 2000 with the NY Yankees. He retired in 2007 with a W/L record of 354/184.
AUTO RACING February 18, 1979 In a race for the ages, Rich Petty wins the Daytona 500 at the NASCAR Winston Cup Series. Trailing in 3rd place towards the end of the chase, the North Carolina native cleared the finish line after Cale Yarborough and Donnie Allison, driving 1st and 2nd place cars, collided in the final lap and opened up the win for Petty.